Zincore Announces Effective Date of Share Consolidation

VANCOUVER, BC--(Marketwired - July 22, 2016) - Zincore Metals Inc. (NEX BOARD: ZNC.H) ("Zincore" or the "Company") is pleased to announce that it has received the approval of the TSX Venture Exchange for the consolidation of its issued and outstanding common shares on the basis of one new common share for every five common shares currently issued and outstanding.

The Company's shares will commence trading on the TSX Venture Exchange on a consolidated basis at the open of markets on Tuesday, July 26, 2016. On a post-consolidation basis, there are approximately 11,839,385 common shares issued and outstanding. The Company's name and trading symbol will remain the same.

About Zincore

Zincore is a Vancouver-based mineral exploration company focused on zinc and related base metal opportunities in Peru. The Company's common shares trade on the NEX Board of the TSX Venture Exchange under the symbol ZNC.H. For more information, please see our website at www.zincoremetals.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This news release contains certain forward-looking statements, Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or does not expect", "is expected", anticipates" or "does not anticipate" "plans", "estimates" or "intends" or stating that certain actions, events or results " may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to materially differ from those reflected in the forward-looking statements.